North America Flexible Packaging Market Outlook and Forecast Report 2019-2024 - ResearchAndMarkets.com

DUBLIN--()--The "Flexible Packaging Market in North America - Industry Outlook and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The North America flexible packaging market is expected to reach close to over $42 billion by 2024

The increasing demand for lightweight packaging from food, pharmaceuticals, and other end-users is a major driver for the growth of the North America flexible packaging market. Also, the adoption of advanced packaging, which removes dispensing errors is expected to drive the market. Anti-counterfeiting with the use of barcodes is an important factor driving the use of blister packs in North America flexible packaging market.

The increased pressure on F&B, consumers good, and pharmaceutical companies to reduce dependency on plastic is increasing on a regular basis, and the same has been passed on to packaging vendors. Sustainability is not limited to material, but also extends to the production process, logistics, functionality, and end-user of the product. The need to positively impact the environment is high among both buyers and suppliers. Sustainable flexible packaging is currently more dependent on recovering plastic products and recycling them.

Bags, pouches, and films are the major products in demand in North America, with the PE, PET, paper, Tyvek, and PA being the materials of choice in healthcare packaging in North America. The wide adoption of blister packaging, replacing the glass and rigid plastics, has resulted in the increased usage of lidding films. Flexible packaging is a solution that has successfully replaced rigid packaging products at many levels. Cost and environmental impact are the major factors for the high demand for lightweight, flexible packaging material.

North America Flexible Packaging Market: Geography

Challenges related to regulatory compliance are influencing the dynamics of the North America flexible packaging market. The market witnessed consolidation with leading vendors opting for inorganic growth in 2017. The North America flexible packaging market is expected to witness moderate growth. The North American economy has performed well over the years, thereby increasing the per capita consumer spend. The flexible packaging market in US reported a total pack sale of more than 142 billion units in 2018. The demand scenario in Canada is similar to the US, with the F&B industry dominating the flexible packaging market.

Key Vendors Analysis

With the presence of a few vendors, the flexible packaging market has breached the $1 billion mark in revenue. SMEs dominate the majority of segments of the market. Major players have been aggressively adopting inorganic growth strategies to expand their operations. The industry has witnessed several M&A transactions in the last few years; the consolidation is expected to further grow during 2020-2024. Regulatory policies for recycling and reusing packaging materials will be favorable to vendors. Currently, the market lacks advanced infrastructure for recycling. However, many vendors are expected to shift completely to green packaging materials by 2025. The penetration of bio-based plastics in several end-user categories is expected to increase and favorably influence early movers in the industry.

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage

4.1 Market Definition

4.1.1 Inclusions

4.1.2 Exclusions

4.2 Base Year

4.3 Scope of the study

4.4 Market Segments

5 Report Assumptions & Caveats

5.1 Key Caveats

5.2 Currency Conversion

5.3 Market Derivation

6 Market at a Glance

7 Introduction

7.1 Overview

7.1.1 Flexible Plastic Packaging

7.1.2 F&B

7.1.3 Pouches

7.2 North America Macro Economic Factors

7.1 Global Macro Economic Factors

8 Market Dynamics

8.1 Market Growth Enablers

8.1.1 Growth in Packaging Demand From Healthcare Industry

8.1.2 Downgauging of Packaging

8.1.3 Increased Adoption of Pouches Across Industries

8.1.4 Increase in Processed & Packaged Food

8.2 Market Growth Restraints

8.2.1 Recycling Challenges with Flexible Packaging Products

8.2.2 Increased Cost of Operations

8.2.3 Fragmented Marketplace

8.3 Market Opportunities and Trends

8.3.1 Increased Focus on Sustainable Flexible Packaging

8.3.2 Profit Volatility

8.3.3 Use of High-barrier Plastic Packaging Materials

8.3.4 Increasing Adoption of Flexible Packaging over Rigid

9 Market Landscape

9.1 Market Overview

9.2 Market Size & Forecast

9.3 Five Forces Analysis

10 By Material

10.1 Market Snapshot & Growth Engine

10.2 Market Overview

10.2.1 Flexible Plastic Packaging

10.2.2 Flexible Paper Packaging

10.2.3 Foil

10.3 Flexible Plastic

10.4 Flexible Paper

10.5 Foil

11 By Application

11.1 Market Snapshot & Growth Engine

11.2 Market Overview

11.3 Consumer Packaging

11.4 Industrial Packaging

12 By End-Users

12.1 Market Snapshot & Growth Engine

12.2 Market Overview

12.2.1 Food & Beverage

12.2.2 Healthcare

12.2.3 Personal Care

12.2.4 Petfood

12.3 Food & Beverage

12.3.1 Market Size & Forecast

12.3.2 Key Insights

12.3.3 North America: Market Size & Forecast by F&B Segments

12.3.4 Bakery and Confectionery: Market Size & Forecast

12.3.5 Meat, Poultry, & Seafood: Market Size & Forecast

12.3.6 Dairy: Market Size & Forecast

12.3.7 RTE: Market Size & Forecast

12.3.8 Frozen Food: Market Size & Forecast

12.3.9 Tea and Coffee: Market Size & Forecast

12.3.10 Others: Market Size & Forecast

12.4 Healthcare

12.5 Personal Care

12.6 Petfood

12.7 Other End-Users

13 By Product Type

13.1 Market Snapshot & Growth Engine

13.2 Market Overview

13.3 Bags & Sacks

13.4 Pouches

13.5 Other Product Types

14 By Printing Type

14.1 Market Snapshot & Growth Engine

14.2 Market Overview

14.3 Flexographic Printing

14.4 Rotogravure Printing and Others

Key Company Profiles

  • Amcor
  • Berry Global
  • Mondi
  • Sealed Air
  • TC Transcontinental
  • Sonoco
  • Huhtamaki

Other Prominent Vendors

  • Constantia Flexibles
  • Printpack
  • International Paper
  • Smurfit Kappa
  • ProAmpac
  • Reynolds Group
  • Novolex
  • Sigma Plastics
  • Glenroy
  • Winpak
  • RPC Group
  • Greif
  • Stora Enso
  • Innovia Films
  • Global-Pak
  • American Packaging Corporation
  • WestRock

For more information about this report visit https://www.researchandmarkets.com/r/m2tgn5

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900